Belgian gold refiner Alain Goetz has said that sanctions that were imposed against him by the US Department of the Treasury’s Office of Foreign Assets Control over his alleged involvements in the gold trade in the Democratic Republic of Congo (DRC) were based on misinformation. The US Department of the Treasury’s Office of Foreign Assets…
Property mogul Sudhir Ruparelia has started the construction of a multi-million dollar state-of-the-art business park along Yusuf Lule Road. The multi-purpose building complex is expected to change the experience of work, leisure, residence, and lifestyles for middle and upper class residents and visitors of Kampala. The Pearl Business Park is an 18-acre mixed use facility…
By Dr Okodan Akwap Kampala: Government is right to partner with local businessman Sudhir Ruparelia to build an ultra-modern conference facility for holding topnotch meetings, such as the upcoming Non-Aligned Movement summit. But government can do something even better – partnering with Sudhir to reopen Crane Bank, which was closed by Bank of Uganda (BoU)…
Kampala Affairs State Minister, Kabuye Kyofatogabye has defended property magnate Sudhir Ruparelia’s development on Naguru land that is contested by some sections of Kololo Senior Secondary School management. The Parliamentary Committee on Physical Infrastructure which sat on Wednesday has launched fresh investigations into the Kololo S.S Land as people against Sudhir’s development want him to…
The International Monetary Fund-IMF, has given Uganda a clean bill of health regarding the handling of the COVID-19 pandemic, the funds and the economy as a whole. For this, the Fund’s board has allowed for the immediate release of 127 million US Dollars (about 455 billion Shillings) for the country as part of the Extended…
Uganda’s National Social Security Fund commenced payment of eligible members for the mid-term access to their contributions on March 17, 2022 in response to the new pension law. President Yoweri Museveni assented into the amended pension law, NSSF Act 2022, paving way for contributors to access up to 20% of their contributions before the mandatory…
City businessman Hamis Kiggundu aka Ham, who is the proprietor of Kiham Enterprises Limited, is working on modalities of reaching an amicable understanding with his neighbours (Buganda Kingdom) over the contested land in Kigo. We have established that a series of meetings are underway between both sides, Ham and Buganda Kingdom in a bid to…
City tycoon Hamis Kiggundu also known as Ham through his company Kiham Enterprises Uganda Limited has today released a Factual Statement On Its Land At Kigo. Last Friday, Ham through his real estate company- Kiham Enterprises (U) Limited deployed casual laborers and grader operators who started excavating and clearing a 140 acre prime land in…
The Tourism, Trade and Industries Committee of parliament has slammed the Uganda National Bureau of Standards-UNBS for failing to protect consumers against the proliferation of fake goods on the market. UNBS is mandated to enforce standards in the protection of public health, safety and the environment against dangerous, counterfeit and substandard products. The Bureau also…
The London based Global Brands Magazine (GBM) has named Anne Juuko, the Chief Executive for Stanbic Bank Uganda as the ‘Best Woman CEO’ in Uganda’s Banking sector for the year 2021. Uganda has 27 commercial banks, four of which, including a development bank are headed by women. In addition, Stanbic Bank won two other accolades…
